I earn 75000 usd per year before tax. How much would I earn after tax (an estimate would be good)?
2007-10-08 03:29:41 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
75000/100 = 750 (1%)
750 x 17.5% = 13125
so take 17.5% from 75000
75000 - 13125 = 61875 usd
2007-10-08 03:36:29 · answer #1 · answered by Anonymous · 0⤊ 1⤋
This question is not subject to an intelligent guess without MUCH more information. Even ignoring state and local taxes, a reasonable estimate depends on several factors. Will you filing status be Single, Married filing Jointly, Married filing Separately, etc? How many dependents can you claim? How large is the bonus? Will you itemize deductions or claim the standard deduction? If you Itemize, what deductions will you claim. Do you contribute to a retirement account? ALL of these issues could change the answer by enough to make any estimate meaningless.
2007-10-08 14:27:17 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
30% of your gross is a good ballpark if your single, and don't own a house.
2007-10-08 11:45:20 · answer #3 · answered by Treelover 2 · 0⤊ 1⤋
better start your own side-business so you can keep more of what you earn.....?
2007-10-08 10:32:59 · answer #4 · answered by smiling_freds_biz_info 6 · 0⤊ 1⤋